NPI Plants Bear Greater Losses from Rising Prices of Nickel Ore and Electricity while Falling High-Grade NPI Prices

Published: Mar 6, 2023 17:56

Source: SMM

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The NPI profits based on raw materials purchased 25 days earlier continued to narrow last week.

SHANGHAI, Mar 6 (SMM) - The NPI profits based on raw materials purchased 25 days earlier continued to narrow last week. Costs of NPI rose as the nickel ore prices and exchange rate grew despite the fall in Shenmu semi-coke prices. In addition, according to SMM research, the industrial electricity price hike in March further pushed up the production cost of NPI factories. However, the current coal prices fluctuate wildly. If NPI plants purchase coal in recent days, they will gain more profits in the near future when coal prices grow. But in the short term, NPI prices will drop due to high costs.

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